Mar 17, 2010, 04.33 PM IST | Source: Reuters

Religare Tech buys healthcare biz of Sobha Renaissance

Healthcare and IT solutions provider Religare Technologies Ltd has acquired the healthcare business of Sobha Renaissance Information Technology Private Ltd.

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Healthcare and IT solutions provider Religare Technologies Ltd has acquired the healthcare business of Sobha Renaissance Information Technology Private Ltd.

Sobha Renaissance is a company promoted by the founder of Sobha Developers . The financial terms of the acquisition were not disclosed.

Sobha Developer stock price

On April 17, 2014, Sobha Developers closed at Rs 371.05, up Rs 4.00, or 1.09 percent. The 52-week high of the share was Rs 425.00 and the 52-week low was Rs 214.10.


The company's trailing 12-month (TTM) EPS was at Rs 22.07 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 16.81. The latest book value of the company is Rs 215.85 per share. At current value, the price-to-book value of the company is 1.72.

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